https://www.engineeringnews.co.za

EPP acquires mixed-development property in Poland

10th March 2017

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

JSE-listed Echo Polska Properties (EPP) has concluded an agreement to acquire 70% of the mixed-use Galeria Mlociny shopping centre, in Warsaw, Poland.

The investment will be effected through EPP’s acquisition of 70% of the equity in Rosehill Investments, for an aggregate consideration of €29-million, from Powell Real Estate International, Elsoria Trading, Terbanacle and Terbanacle Investments.

Echo Investment South Africa will be appointed as the developer of Galeria Mlociny and will acquire the remaining 30% of the equity in Rosehill for an aggregate consideration of €12.4-million.

The transaction is expected to be completed by the end of May.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.086 0.142s - 137pq - 2rq
Subscribe Now